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Jul 27, 2022
07/22
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jones continually was churning this idea that sandy hook was fake.. this was a massive campaign of lies. that's what the evidence is going to show. >> this is a kangaroo court. this is a show trial. >> reporter: today at one point there was an outburst by jones during a break, calling the trial a witchhunt. >> we are not going to have that again. >> reporter: after the break, daniel jiles, who was lead investigator on the sandy hook shooting, tells the jury jones spun the conspiracy for his own benefit. >> they were still going to use the opportunity to spin it for someone's benefit, whether it was power or money, and that group, they were the most dangerous. >> reporter: jewett says he was aware of jones's lies and the damage they caused. he says parents of the sandy hook victims called police for help. >> they reached out to us. >> reporter: jones's lawyers say he has admitted the shooting took place, but insisted he wasn't responsible for the parents' suffering. >> alex jones has already been punished. he regrets what he did and he's paying a price
jones continually was churning this idea that sandy hook was fake.. this was a massive campaign of lies. that's what the evidence is going to show. >> this is a kangaroo court. this is a show trial. >> reporter: today at one point there was an outburst by jones during a break, calling the trial a witchhunt. >> we are not going to have that again. >> reporter: after the break, daniel jiles, who was lead investigator on the sandy hook shooting, tells the jury jones spun...
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Oct 14, 2022
10/22
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. >> our assessment right before sandy was 1.6 billion with a b instantly sandy came in late october and the damage was obviously horrific and our assessment went down approximately 30 to 33%. >> looking to rebuild using government grants but it may be on borrowed time. >> if there were to be another one here, i think a lot of people would leave and not come back >> we've all seen the pictures from florida but we're also seeing homes fall into the ocean in north carolina. no big storm, just high tide sea levels are projected to rise by a foot in the next 30 years, about as much as they did in the past century and all that tax revenue could be lost right when it's needed most, to build protections like sea walls or flood plains. >>> adderall is in short supply. that's new from the fda. it reports there's just not enough adderall to keep up with the growing demand it's a brand name for a amphetamine mixed salt they prescribe it to people with adhd and narcolepsy. the fda reports one that the largest adderall producers in the country is facing manufacturing delays the company is called
. >> our assessment right before sandy was 1.6 billion with a b instantly sandy came in late october and the damage was obviously horrific and our assessment went down approximately 30 to 33%. >> looking to rebuild using government grants but it may be on borrowed time. >> if there were to be another one here, i think a lot of people would leave and not come back >> we've all seen the pictures from florida but we're also seeing homes fall into the ocean in north...
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Sep 30, 2022
09/22
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sandy gosisman and long time berkshire shareholder died at the age of 96. gottesman was an early investor holding a 1% stake and serving on the board since 2003. in a statement, first manhattan said sandy was known for integrity and curiosity and philanthropy his ability to mentor those around him to professional and personal excellence. sandy and his wife ruth were generous giving $25 million to the college of medicine. buffett was a partner in business for 56 years. he and charlie munger. >> so many great stories. >> buffett said 56 years of partnership. he and charlie and sandy never had a disagreement it is hard to think of any relationships that go on for that long without disagreements. >> remarkable history. you really go back to 1963 they meet and he makes the purchase with them >> diversified retailing they were retail they owned retailer in baltimore p that was a huge disaster >> sandy was a true believer in warren he knew it he knew it they talked about it all the time >> our thoughts are with his family and friends today "squawk box" wilbeig bk.
sandy gosisman and long time berkshire shareholder died at the age of 96. gottesman was an early investor holding a 1% stake and serving on the board since 2003. in a statement, first manhattan said sandy was known for integrity and curiosity and philanthropy his ability to mentor those around him to professional and personal excellence. sandy and his wife ruth were generous giving $25 million to the college of medicine. buffett was a partner in business for 56 years. he and charlie munger....
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Nov 21, 2012
11/12
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this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around thanksgiving. and all of the holidays, you see all the rental car companies, for the most part, not completely sold out, but they fill up. and this year because of sandy, they are sold out. one interesting note, an increase in the number of people taking buses and trains this year in part because of what we're seeing with the rental car companies. >> thank you. we'll check in with you later. >> it's good for tires. >> it is good for tires. you like that. >> well, i like pep boys. >> do you have some? >> i bought it. >> do you have music? >> do we have music? that's it, that'
this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around...
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Feb 28, 2018
02/18
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then there are others saying boycott dick's >> the other background is that after sandy hook with great fanfare dick's stopped selling assault rifles then to compete with cabela's, they started field and stream stores in 2013 and then a month after starting it they opened two or something, they -- they went around their ban at dick's for the ar-15s and started selling the ar-15s, got rid of the moratorium they had and started selling them at the field and stream stores. they have 35 field and stream stores that sell ar-15s. the 610 dick's stores haven't been selling them since 2012 >> you know, with great fanfare now announcing that the 35 field and stream stores won't sell either >> he also said it would be permanent. >> permanent and 21. >> 21. >> and high magazines. >> the article yesterday was an article in the paper about the fact that the nra is perceived to be money but the political side, the actual number of people is very meaningful. so that's the political side of it. >> right that's actually probably more important. >> absolutely. they say they get notoriety because of the m
then there are others saying boycott dick's >> the other background is that after sandy hook with great fanfare dick's stopped selling assault rifles then to compete with cabela's, they started field and stream stores in 2013 and then a month after starting it they opened two or something, they -- they went around their ban at dick's for the ar-15s and started selling the ar-15s, got rid of the moratorium they had and started selling them at the field and stream stores. they have 35 field...
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Sep 17, 2020
09/20
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joining us is sandy brager good morning to you. before we get started, comment on what jim cramer said in terms of where you think the markets are given this ipo we just saw yesterday. i mean, how wild are things and how much are you worried or not about it >> andrew, the markets are looking pretty high to us, they've been looking high to us for a while so we think diversification is key for putting our money more toward quality and value stocks things that aren't getting adds much market attention right now but that we think will perform well in the years ahead. >> so let's talk about a couple of those i think one of your top picks right now is paypal. why? >> that's right. at the forefront of all of the e-commerce and digital payments and we think there has been a huge amount of demand as people have been staying at home, conducting commerce from their couch, from their beds, wherever they're hanging out and we think that that's going to continue as we move beyond this pandemic ultimately and people get out and about more and beg
joining us is sandy brager good morning to you. before we get started, comment on what jim cramer said in terms of where you think the markets are given this ipo we just saw yesterday. i mean, how wild are things and how much are you worried or not about it >> andrew, the markets are looking pretty high to us, they've been looking high to us for a while so we think diversification is key for putting our money more toward quality and value stocks things that aren't getting adds much market...
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110
Apr 28, 2014
04/14
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a look at one of the names recognized, sandy wile. >> win or lose. of all the bankers, bankers turned policymakers, and wall street money spinners, sanford sandy weill assistance around as a deal maker, epic rule breaker, and "game change"er. >> he was the architect. he was the larger than life figure on wall street for decades. the seminal figure of the modern day wapbanker for a long time. >> fire men's fund, commercial correct, travelers, smith barney, shearson, solomon brothers, aetna. weill, either bought them, sold them or reshaped them on. >> sandy was a conscious mat deal maker. he knew how to ring savings out of the office. >> he did have a vision of what financial supermarkets should look like. why that would be preferable to a stayed bank or insurance company. and he executed. >> the deal of this deal maker's lifetime, the 1998 $76 billion merger of weill's group and citigroup. >> in a basic way when you citi and travelers get together you did away with this law that in its essence prevented banks from underwriting corporate securities, al
a look at one of the names recognized, sandy wile. >> win or lose. of all the bankers, bankers turned policymakers, and wall street money spinners, sanford sandy weill assistance around as a deal maker, epic rule breaker, and "game change"er. >> he was the architect. he was the larger than life figure on wall street for decades. the seminal figure of the modern day wapbanker for a long time. >> fire men's fund, commercial correct, travelers, smith barney, shearson,...
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Jan 23, 2019
01/19
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hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ ♪ hawaii is the first state in the u.s. to have a hundred percent renewable energy goal. if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution that lets us collect near real time data on our power grid. ♪ if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪ ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. >>> another big day in davos >> you rea
hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving...
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89
Jun 21, 2019
06/19
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i'm kidding, sandy you're very high -- [ laughter ] >> okay. thank you for that thank you very much. can i eat this now >> i wish you would. >> i'm going to is are you sure you didn't sneak some of the beyond meat in there >> please come on back joe may not be here next time. >>> e-cigarettes are under fire as cities are looking to ban vaping dr. gottlieb will discuss that >>> plus, drug pricing and much more we'll be right bk.ac ncer fighti, hiv controlling, joint replacing, and depression relieving company. from the day you're born we never stop taking care of you. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. >>> there's a growing call by city lawmakers to ban e-cigs and vaping dee dee roy has more good morning >> good morning to you it's starting right here in san francisco where supervisors voted unanimously to ban the sale of e-cigarettes in the city it faces a final vote and the mayor's appro
i'm kidding, sandy you're very high -- [ laughter ] >> okay. thank you for that thank you very much. can i eat this now >> i wish you would. >> i'm going to is are you sure you didn't sneak some of the beyond meat in there >> please come on back joe may not be here next time. >>> e-cigarettes are under fire as cities are looking to ban vaping dr. gottlieb will discuss that >>> plus, drug pricing and much more we'll be right bk.ac ncer fighti, hiv...
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Nov 26, 2012
11/12
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eye 256
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. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've stepped up and we're doing everything possible to put their hard earned dollars to work. this has been a massive operati operation. we've served 7.3 million meals and snacks in four weeks. in terms of how it will impact giving we recently did a survey and what we learned is that three out of four people who donated to hurricane sandy will continue to step up during the holiday and donate to their favorite charity and 90% of the people that provided political contributions plan to donate to charities as well which was very heartwarming because i know that everyone in the no
. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've...
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63
Feb 9, 2021
02/21
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new york saw it after hurricane sandy where you watched entire segments and sections of the population essentially underwater, right? i think new york and new yorkers are incredibly resilient and powerful people so i'm bullish on the long term of new york i'm bullish on the idea that we can and we should be creating policies that are going to support the most vulnerable and i'm also bullish on the fact that this is going to be a holistic process where there is not one group nor one lane nor one industry that's going to have to be part of the solution. it's going to be every single one of us who are going to roll up our sleeves and find ways of collaborating and coordinating in order to get to a positive solution. >> wes moore, thank you for joining us you've joined us when you first got the job, and i appreciate you being with us today. and all the good work you've done thanks i'll talk to you soon. joe? >> thanks, andrew. >>> coming up, another round of record highs for all three major indices yesterday. this morning the futures are giving back a little, but we'll see. it's early goin
new york saw it after hurricane sandy where you watched entire segments and sections of the population essentially underwater, right? i think new york and new yorkers are incredibly resilient and powerful people so i'm bullish on the long term of new york i'm bullish on the idea that we can and we should be creating policies that are going to support the most vulnerable and i'm also bullish on the fact that this is going to be a holistic process where there is not one group nor one lane nor one...
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157
Dec 9, 2013
12/13
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yeah. >> sandy hook. >> sandy, then people get confused. >>> we have a great interview here. we're talking to the head of one of the largest u.s. mid-size commercial banks in the country. joining us is city national. does that get confused a lot? >> it's actually fading away. that's gone. thank you. >> this is pnc now, right? >> it is pnc. we keep talking about the taper. you're living with it. what does it mean? >> i think it's going to be a positive sign. and you guys have talked a lot about how it affects the market. i think what it really means is the economy's getting healthy. it's like a doctor who says to a patient on intensive antibiotics, hey, you're doing better, andrew, we're going to pull back on the heavy doses. that means you're getting healthier. i think it's a good thing. i don't think it's going to happen this month, but it'll happen soon. >> what has it meant? what's it going to mean during this taper period and what it means to interest rates? >> well, obviously, as you guys know, it's going to start to move long rates up. i don't think we're going to see s
yeah. >> sandy hook. >> sandy, then people get confused. >>> we have a great interview here. we're talking to the head of one of the largest u.s. mid-size commercial banks in the country. joining us is city national. does that get confused a lot? >> it's actually fading away. that's gone. thank you. >> this is pnc now, right? >> it is pnc. we keep talking about the taper. you're living with it. what does it mean? >> i think it's going to be a...
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Nov 12, 2013
11/13
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so first up is sandis, the chipmaker, free cash yield of 17%. intuit the software maker. nike, the athletic apparel company. also logistics company, expe dieders t erers international. accenture and t roe price rounding out the list. you have flexibility and optionalty to ride out bumpy times ahead or if you think the market may be pulling back. we took a look at the valuations of this group, forward pe about 19 times. a little more expensive than the market, but keep in mind you are getting a dividend. finally got to talk about returns because that's what everyone cares about. four out of these six names actually posted 20% in gains year to date. cash rich may be the way to go. tyler, to you. >> thanks very much. the dow off as investors shift their attention to the fed. can the market continue to move up with what's left of this year? joining us are alan reed, ceo of forward and david bailen, global head of managed investments at citi private bank. welcome to you both. alan, since you're here i'm going to begin with you. how do you answer that question? do you expect th
so first up is sandis, the chipmaker, free cash yield of 17%. intuit the software maker. nike, the athletic apparel company. also logistics company, expe dieders t erers international. accenture and t roe price rounding out the list. you have flexibility and optionalty to ride out bumpy times ahead or if you think the market may be pulling back. we took a look at the valuations of this group, forward pe about 19 times. a little more expensive than the market, but keep in mind you are getting a...
453
453
Jul 7, 2014
07/14
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eye 453
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sandy was in the midst of that when it was opening and that didn't help, but it has seen troubled times. >> maybe when the governor comes back he can talk more about what is happening with atlantic city. >>> and a couple other things this morning, the tsa is tightening security on airports and ipad. the other electronic devices are not charged up or able to be turned on, then the new measure is part of the effort to boost safety measures. it sounds like they are going to check whether you can turn your device on. if you can't -- >> then that's the issue. >> that's a problem. i have walked down to planes with my phone out of battery with the plan of using the plane to charge it. he's into -- solar, yeah. he's into space and cars. >> things like that. >> there's a new airline making its debut today. check this out with a shot of it. the a.r. headlines. >> i'm traveling today, so is this for me? >> we are going to be on. >> my children are no longer babies. >> too small to fly is the motto. there's a screaming rugrat on the right. no babies allowed anywhere on the plane. and you don't even
sandy was in the midst of that when it was opening and that didn't help, but it has seen troubled times. >> maybe when the governor comes back he can talk more about what is happening with atlantic city. >>> and a couple other things this morning, the tsa is tightening security on airports and ipad. the other electronic devices are not charged up or able to be turned on, then the new measure is part of the effort to boost safety measures. it sounds like they are going to check...
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260
Jul 25, 2012
07/12
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sandy weill. thank you for being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me first start by saying that i think the two decade bfs the problem, the big banks really led the growth of the world and creating capital markets and all these countries, converting communist economies they' they've, as defined in different part of the world. so the banking system is really very, very important. i think the problem that was created was created by too much way too much leverage. very little transparency with lots of off balance sheet things that downreally count. but even of a the problem, there's no other cou
sandy weill. thank you for being here. >> thank you. good to be here. >> there are so many people who want to get your view on europe and libor. i want to get your view on what's happened over the last seven years. you've been known as a visionary and i can just wonder in retrospect, very few people saw the financial crisis coming. in looking back, do you think the mega banks played a role in terms of too big to fail in what happened with the financial crisis or not? >> let me...
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208
Apr 30, 2014
04/14
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and sandy. >> that helps. and the fact that he said the economy is good also for my business, because more people buy tickets, more people give money and i have been calling on people that i know and people in this business and in four months, we put together one heck of a season. in fact, i brought it along with me so you can all buy tickets. >> what kind of headliners are you talking about? who do you bring in? >> my position is to expand, not just classical music. that may be my background, one of the hottest tickets so far is johnny mathis. then stewart copeland the drummer for the police and joined up with an old friend of mine, a classical pianist. they're going to mash together. robbie shankar's daughter is coming with people from newfoundland to create a six people, sixtet of different kind of music from different parts of the river. i have ethiopians doing music of that area and talking about water sustainability. we hope to put into the university. okay, we have a few people. io yo-yo man. >> and ton
and sandy. >> that helps. and the fact that he said the economy is good also for my business, because more people buy tickets, more people give money and i have been calling on people that i know and people in this business and in four months, we put together one heck of a season. in fact, i brought it along with me so you can all buy tickets. >> what kind of headliners are you talking about? who do you bring in? >> my position is to expand, not just classical music. that may...
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94
May 2, 2018
05/18
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eye 94
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hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ >>> welcome back to "squawk box" live from the nasdaq market site in times square. >> good morning. welcome back take a look at u.s. equity futures at this hour after that better than expected number from apple. the dow looks like it will open higher by 38 points. nasdaq opening higher by 25 points s&p 500 up just marginally some stocks to watch as well, snap's first quarter, evan spiegel's revenue missing forecasts as growth and daily active users came down after the redesign of snapchat's app upset some fans and advertisers. the company acknowledged the plan
hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving...
98
98
Jan 29, 2019
01/19
by
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eye 98
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hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ >>> welcome back to "squawk box," everybody. just under an hour when the markets open dominic chu has a look at what's been moving this morning good morning >> good morning, becky lots of those premarket movers this morning we're going to focus on the dow components shares of 3m currently higher premarket on just around 85,000 shares worth of volume after the industrial conglomerate behind everything from post-it notes. traders now shrugging off a lowering of its full year profit forecast also watching what's happening with pfizer shares lower around 242,000 sh
hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving...
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206
Dec 4, 2012
12/12
by
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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0.0
Apr 19, 2023
04/23
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. >> they got a billion dollars from that whacko with the sandy hook thing trj whacoin fshl so got a lot of work to do >> yeah. >> very good >> all right i don't know why they're taking a shot at you. >> i don't know. >> that was a bad finger director interactive brokers founder thomas pettercy. stay tuned, you're watching "squawk box" on cnbc inancial choices together... can help you be better prepared for unexpected events. for a brighter financial future. thanks. ahh, pretzel and mustard... another great combo. voya. well planned. well invested. well protected. ♪ great estimations ♪ interesting piece. let me bring in my expert. mmm... so many scratches... oh those are from my car keys. such a rich history. yeah. this won't do well at auction. but at at&t, it's worth a brand-new samsung galaxy s23. wait really? mmhmm. what about this? at&t's deal is back. wow. everyone gets a free new samsung galaxy s23 with a galaxy phone trade-in. any year, any condition. our customers don't do what they do for likes or followers. their path isn't for the casually curious. and that's what mak
. >> they got a billion dollars from that whacko with the sandy hook thing trj whacoin fshl so got a lot of work to do >> yeah. >> very good >> all right i don't know why they're taking a shot at you. >> i don't know. >> that was a bad finger director interactive brokers founder thomas pettercy. stay tuned, you're watching "squawk box" on cnbc inancial choices together... can help you be better prepared for unexpected events. for a brighter...
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151
Nov 2, 2012
11/12
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and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
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Sep 10, 2013
09/13
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sandy, you've been there. dow component. in and out of the dow, you know what happens when stocks move in. they don't consult you on it. but is it a big deal to be part of the dow? >> i think it is. it's great pr. you're known everywhere, you talked about all the time because it's an average of 30 not 500. >> it's why we talked about alcoa even though no one thinks alcoa. >> visa and goldman are well in the hundreds too. they have some big daily moves. nike, i guess nike has split recently because it's down in the 60s. but if you like markets that go higher, don't you feel better about these stocks than the old ones? who wants to have hewlett-packard in the dow? >> i don't think that's the way they look at it. maybe -- >> they don't. they want it to represent the current economy. >> and bank of america also jpmorgan. that sort of balances that out. >> there are people who think they've put in stocks -- they put in stocks that have good prospects. >> the indices go up. >> is alcoa ever going up again? is hewlett-packard? that
sandy, you've been there. dow component. in and out of the dow, you know what happens when stocks move in. they don't consult you on it. but is it a big deal to be part of the dow? >> i think it is. it's great pr. you're known everywhere, you talked about all the time because it's an average of 30 not 500. >> it's why we talked about alcoa even though no one thinks alcoa. >> visa and goldman are well in the hundreds too. they have some big daily moves. nike, i guess nike has...
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Aug 15, 2013
08/13
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like we saw in california or even these very incredibly big storms like dr h derrachios or hurricane sandy. >> i don't know if we're smart yet on the grid. how far are we away from that? and the security implications of a smart grid given cybersecurity. >> of course, as you know, as we go to a more modern grid, it comes with more modern problems. more advanced technology is going to require different systems and different levels of protection. but, you know, look at the end states we can achieve. if we're confident in mobile banking, i think it is realistic to expect at some point we can feel more confident about the digital protection that we're giving to the grid. but it is not free. it does require investment and money. >> talking about investment, why aren't we burying cables. why do we still have communities all across this country with cables in the air that seemed to be blown down by the wind and we're surprised by that. >> well, if you would like to pay ten times more for your electricity, we can underground absolutely everything. >> is that what the story -- ten times more. what a
like we saw in california or even these very incredibly big storms like dr h derrachios or hurricane sandy. >> i don't know if we're smart yet on the grid. how far are we away from that? and the security implications of a smart grid given cybersecurity. >> of course, as you know, as we go to a more modern grid, it comes with more modern problems. more advanced technology is going to require different systems and different levels of protection. but, you know, look at the end states...
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Jul 10, 2013
07/13
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and the hurricanes take on sort of the -- if they're bad, they take -- now we think of sandy in a way we never thought of that name before. we had a weather girl named katrina voss, poor thing. she had to quit the job. had to quit the business. >> had to change her name. >> had to change her name. hi, i'm katrina, here to talk about the weather. >> have this had an alex yet? >> they have. >> they have? you know who they had that was really bad, andrew in miami. terrible, terrible. >> could not be in the business. alex, thank you for that. we'll swing over to beijing now. china warning of a grim outlook for trade. the country reporting a trop in e exports and imports in june. both expected to rise. fifth meeting will be held in washington today. joining us now on all of this is eunice eun from beijing. >> good morning, guys. basically for the strategic and economic dialogue, a lot of people have high expectations after president obama and president jinping of china met in california recently. a lot of people are hoping that we're going to see a new type of relationship between beijing
and the hurricanes take on sort of the -- if they're bad, they take -- now we think of sandy in a way we never thought of that name before. we had a weather girl named katrina voss, poor thing. she had to quit the job. had to quit the business. >> had to change her name. >> had to change her name. hi, i'm katrina, here to talk about the weather. >> have this had an alex yet? >> they have. >> they have? you know who they had that was really bad, andrew in miami....
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Oct 25, 2013
10/13
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this came in the wake of hurricane sandy which hit the jersey shore a year ago. the company also raising its sales forecast for the full year. and joining us right now is the president and ceo of generac. aaron, thanks for coming in. >> thanks, becky. >> joe and i know about this well because we both have generac generators. if you look at last year with sandy where people were without power for two to three weeks and some people longer than that. sales skyrocketed at that point. >> they did. >> what's happened since? >> it's interesting when you get a storm like that. we make small, portable generators, the ones that use gasoline. people run out in a mad rush to try to find those types of products and they're gone in an instant. what happens is, you know, when power does get restored. in this case, it was weeks later, people start to look for another solution and that's when the home standby generator category starts to kick in. >> make a decision before it happens. >> you do. >> some of the saddest scenes were people with gas cans in lines of, you know, you cou
this came in the wake of hurricane sandy which hit the jersey shore a year ago. the company also raising its sales forecast for the full year. and joining us right now is the president and ceo of generac. aaron, thanks for coming in. >> thanks, becky. >> joe and i know about this well because we both have generac generators. if you look at last year with sandy where people were without power for two to three weeks and some people longer than that. sales skyrocketed at that point....
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Jul 26, 2012
07/12
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i totally agree with sandy. in fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i think it will evolve. you could see it happen that way. congress and the regulators could pressure that type of reaction. in other words as the volcker rules, as more and more rules pile on it could for the ceos to take this action whether they wanted to or not. >> cam, steve liesman here, isn't dodd-frank for all the complaints about it designed to do just that, it makes it more expensive to be a big bank, it piles on more regulations, so i know you're a huge free market supporter but my question to you is sort of along the same lines,
i totally agree with sandy. in fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i...
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Jan 22, 2013
01/13
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we had something from sandy in the numbers. the overall numbers ended up being pretty much where we expected them to be. wireless margins were a little bit lighter than expected. but they added more smart phones than we forecast. you trade those off and they came in roughly in line. when you include the impact of sandy, they were pretty much in line with expectations. >> this is a situation where it's more iphones than you expected is that good news or bad news? >> in the longer-term, higher smart phone rates are good news because they drive higher roi customers tend to be stickier. there's higher up front costs associated with them. looks like mainly in the quarter the number of customers switching to become smart phone customers wasn't just existing smart phone customers upgraded more rapidly. it's existing nonsmart phone customers moved to smart phones. >> maybe that's good news. right now the stock is trading down 2%. would you recommend people buy it as a result? >> equal weight on the stock. i think there's some upside to
we had something from sandy in the numbers. the overall numbers ended up being pretty much where we expected them to be. wireless margins were a little bit lighter than expected. but they added more smart phones than we forecast. you trade those off and they came in roughly in line. when you include the impact of sandy, they were pretty much in line with expectations. >> this is a situation where it's more iphones than you expected is that good news or bad news? >> in the...
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Nov 8, 2012
11/12
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there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
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Feb 7, 2013
02/13
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i think the problem is, that if you look at what sandy had to say and i have a lot of respect for sandy, but i think that if you followed sandy's path and you broke up the banks in some fashion or other, as he's describing, the risk isn't going to go away. the systemic risk, the too big to fail risk will move from one place to another place. for example, if you could curtail what the banks can do in terms of trading, it isn't that the trading is going to go away. you have a large global economy that needs those activities but they'll go to other platforms. i think the real question is, are there ways to deal with the risk? and there's dodd-frank on the totality, there's basel iii. it's interesting, basel iii which are higher capital requ e requirements, regulators are backing off because they're afraid they're going to restrict lending. tim geithner probably had the best answer at all when he said the answer to systemic risk which is what you're talking about, too big to fail, is capital, capital, capital. the problem is, as basel iii people are finding right now, when you increase your
i think the problem is, that if you look at what sandy had to say and i have a lot of respect for sandy, but i think that if you followed sandy's path and you broke up the banks in some fashion or other, as he's describing, the risk isn't going to go away. the systemic risk, the too big to fail risk will move from one place to another place. for example, if you could curtail what the banks can do in terms of trading, it isn't that the trading is going to go away. you have a large global economy...
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Nov 1, 2012
11/12
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Jan 15, 2013
01/13
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even if it's not sandy. we've waited nine weeks, i mean we're at the point now where if we don't get this funding package passed we're not going to be open for business by memorial day and the shore is going to suffer. so we didn't have -- nobody complained about these things when we were dealing with katrina, which was two weeks after the storm that the funding package passed. and i just think it's very unfair to our area that, you know, this debate continues, and everything continues to be delayed. >> well, we're certainly in favor of helping the people who are really in need. but i think this is another example of why the congress has lost respect of the american people. it's business as usual, ladle everything into a bill that has fundamental merit, and i think a lot of americans are very, very disgusted with that whole way of doing business. >> here's the "journal" piece, nearly $17 billion is in the bill for the community development fund and social service grants, two long-running initiatives to fund
even if it's not sandy. we've waited nine weeks, i mean we're at the point now where if we don't get this funding package passed we're not going to be open for business by memorial day and the shore is going to suffer. so we didn't have -- nobody complained about these things when we were dealing with katrina, which was two weeks after the storm that the funding package passed. and i just think it's very unfair to our area that, you know, this debate continues, and everything continues to be...
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Oct 29, 2012
10/12
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>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a pr
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a...
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Nov 5, 2012
11/12
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Feb 21, 2013
02/13
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. >> but fisheries in alaska were gentlemen main to sandy relief. >> right. >> john, we just had phil lebeau do a drive with a tesla along the east coast corridor, and he had to stop i think -- how many times did he have to stop? twice to recharge. he had to charge for an hour. do you have any expectation that your members are going to get behind electric cars in a real way any time soon? >> it's going to take some further breakthrough. i think the model-s has done a great job in terms of demonstrating a battery can get 200, 300 miles per range and get a pretty fast recharge. 30 minute gets 50% recharge in the tesla-s. but 30 minutes is still quite a bit of time to be spending in a convenience store. now if we can't find breakthroughs in the technology to bring that charge time down to 5 to 10 minutes with a meaningful distance through that charge time, then more retailers start looking at it. because our guys are putting in restaurants, they're putting in fast food. they're putting in sandwich shops. and if we can encourage our customers to come to our stores to recharge their vehicl
. >> but fisheries in alaska were gentlemen main to sandy relief. >> right. >> john, we just had phil lebeau do a drive with a tesla along the east coast corridor, and he had to stop i think -- how many times did he have to stop? twice to recharge. he had to charge for an hour. do you have any expectation that your members are going to get behind electric cars in a real way any time soon? >> it's going to take some further breakthrough. i think the model-s has done a...
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Dec 6, 2012
12/12
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Nov 14, 2012
11/12
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have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in advance, it's not untypical to avoid thinking about the unthinkable. >> right. >> it's happened in many situations. >> real quick. politically, we keep talking about the politics of the fiscal cliff and all of this, but the politics of energy in this country, do you think that 2020 prediction is ultimately going to be right. do you see the administration now they've been reelected doing the things that you think will actually get us there? yes, no, where are you? >> i'm skeptical as to whether we'll actually reach that goal.
have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in...
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Apr 29, 2013
04/13
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cape may, little damage done by sandy. with the summer season upcoming, the the state plans to launch an ad campaign to convince visitors the shore is open and ready for business. >> thank you for that report. coming up, serving up an economic recovery. the state of the consumer. food for thought from mario battelly is ahead. the act of soaring across an ocean in a three-hundred-ton rocket doesn't raise as much as an eyebrow for these veterans of the sky. however, seeing this little beauty over international waters is enough to bring a traveler to tears. we're putting the wonder back into air travel, one innovation at a time. the new american is arriving. oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ engine revs ] a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated su
cape may, little damage done by sandy. with the summer season upcoming, the the state plans to launch an ad campaign to convince visitors the shore is open and ready for business. >> thank you for that report. coming up, serving up an economic recovery. the state of the consumer. food for thought from mario battelly is ahead. the act of soaring across an ocean in a three-hundred-ton rocket doesn't raise as much as an eyebrow for these veterans of the sky. however, seeing this little...
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Nov 13, 2012
11/12
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for the first time, some of the northeastern utilities have been weak because of the concerns over sandy. by and large, fiscal cliff, higher taxes on dividend stocks a major reason we have seen the stocks weak. the first day we have seen a turn around, this is important, dividends more important than ever, virtuely a human part of the overall stock business. put up the numbers. this month, folks, the all-time record for dividend payout. got off the phone with standard and poor's, track this $35 billion payout in the month of november. pay out stocks four times a year, an all-time historic payout month, 35 billion. february, 31 billion. see that difference, $4 billion? raising dividends most of the year. you know the company most important in this overall equation, you know what it is, it is apple. apple reinstated the dividend in the last several months, i believe august they started paying as well. they are now paying $2.60 cents here, a big factor why dividends are going up here. you see apple on the upside today. brian, my own sense on this thing, instead of 15%, not going to be 40% t
for the first time, some of the northeastern utilities have been weak because of the concerns over sandy. by and large, fiscal cliff, higher taxes on dividend stocks a major reason we have seen the stocks weak. the first day we have seen a turn around, this is important, dividends more important than ever, virtuely a human part of the overall stock business. put up the numbers. this month, folks, the all-time record for dividend payout. got off the phone with standard and poor's, track this $35...
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Nov 15, 2012
11/12
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we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will follow, so it's either we are investing as oil companies or we're asking oil companies to invest in the mid stream and to the downstream which is pipelines and terminals, refineries et cetera. i think these will come. clearly the company needs more infrastructure, like light oil or oil shale gas is not in the normal centers like we used to have at the gulf coast, et cetera, so therefore investments in pipelines, gas facilities and therefore also refineries will be very important but normally when the natural resources are there, the investments are coming. let me also
we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will...
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Sep 12, 2013
09/13
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i think i'm more on in the cohen camp versus the sandy wile camp there. in terms of investors saying that too big to fail is ending is treasury department just put out yesterday a large deck that analyses a lot of data post crisis. and one point, one slide jumped out at me. i think it was on the 16th page. it suggested the large borrowing costs have gone up twice the amount of the smaller regional institutions suggesting the investors think too big to fail has gone away. >> it's a different question as it relates to the concentration. previe kiss, i don't think there was any intention that we would have the type of asset concentration that we do in america in terms of what the banks are controlling. and because we were in the midst of a crisis, we put everything together overnight and that made sense then. does it make sense now? >> well, i think the concentration on our system versus some of our peers, we have a less concentrated banking system, for example, than some of our peers. i think the u.s. capital market needs financial institutions of all sizes
i think i'm more on in the cohen camp versus the sandy wile camp there. in terms of investors saying that too big to fail is ending is treasury department just put out yesterday a large deck that analyses a lot of data post crisis. and one point, one slide jumped out at me. i think it was on the 16th page. it suggested the large borrowing costs have gone up twice the amount of the smaller regional institutions suggesting the investors think too big to fail has gone away. >> it's a...
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May 2, 2013
05/13
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on sandy, for example, our performance has been outstanding. we have really helped get the communities back on their feet. and the reason we can do that is because we have the resources in very liquid form. and we can cut the checks quickly. >> if a third is in cash? >> it would be roughly around there. >> what are you taking away from treasury bonds or corporate bonds to put a little bit into equities. >> it's still -- it's a low single percentage. >> so you have to be watching very closely to see what the ecb does in 10 minutes if they're going to raise rates or not? -- or cut rates. >> you would like them to raise them. >> we would like it. we would like a gentle rise in rates. >> but you're not going to get it. >> we're not going to get it. but we watch it carefully. we're in an era of extremely low growth. we are not playing on investment returns going up in the short-term. >> what does that catch up with you? >> well, it's caught up with us now in that lloyd's, remember, is a market. we regulate it. low interest rates. underwriting discip
on sandy, for example, our performance has been outstanding. we have really helped get the communities back on their feet. and the reason we can do that is because we have the resources in very liquid form. and we can cut the checks quickly. >> if a third is in cash? >> it would be roughly around there. >> what are you taking away from treasury bonds or corporate bonds to put a little bit into equities. >> it's still -- it's a low single percentage. >> so you have...
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Oct 30, 2012
10/12
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sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here in long island and in new york city and we will have more on that in just a moment. also coming up in the next half hour, we have delaware governor jack markell. we'll get his assessment of the damage to his state and dennis gartman will talk energy and commodity trading. >> lots of damage to report in the new york city area, more than 50 homes were destroyed by fire last night in breezy point queens. just east of cone any islands, more than 170 firefighters were on the scene. and separately more than 200 patients were evacuated
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here...
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Aug 16, 2012
08/12
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second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for myself and from my partners and so on. it was fine. i don't think it hurt anyone, but on the other hand, it's not particularly good either. it's a method. >> are you confusing greed with a profit incentive, seriously? are you questioning whether the profit incentive has been a positive force for good over the years? >> when mitt romney was at bain, the whole idea was let's streamline the companies, move the jobs overseas. >> greed means you're taking more, greed is a totally different things than a profit incentive. that's that he a low determinant, henry, you know that. >> gekko's point in the speech this is a fat, s
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for...
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Apr 3, 2013
04/13
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so i think -- >> that's crazy, if you look at -- if sandy was part of the reason, sandy is not done, all of the rebuilding from that. i look at our community down on the shore, i look at our neighborhood here where trees fell on houses all over the place. some of these jobs haven't even started yet. >> well, there was a lot of repair, remodelling, things that ramped up quickly and that goes away quickly, it's now five months in. i just speculate about that lot of things. high level of speculation. we saw a big swing in construction employment. and that's the cause for the big change between january, february and march. so i think if you look through the volatility, we're still at 175,000 a month. that's where we've been over the last couple of years. i think that's where we are today. >> when do we get at the point where we're looking at 200 plus? is that down far away in the distance or just around the corner? >> well, i'm optimistic about the economy. i think the next few months are going to be tricky and we're going to see that in the job market. we will see weaker job numbers in
so i think -- >> that's crazy, if you look at -- if sandy was part of the reason, sandy is not done, all of the rebuilding from that. i look at our community down on the shore, i look at our neighborhood here where trees fell on houses all over the place. some of these jobs haven't even started yet. >> well, there was a lot of repair, remodelling, things that ramped up quickly and that goes away quickly, it's now five months in. i just speculate about that lot of things. high level...
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Dec 17, 2012
12/12
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they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton adminis
they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation?...
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Aug 12, 2013
08/13
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sandi hall says her problems didn't start till three casinos opened near her. >> i cannot read my local newspaper without having full-page ads of upcoming events and slot play and free this and free that. the exposure is phenomenal because of the proximity of three casinos. >> fewer than 25% of massachusetts residents went out of state to gamble. >> but that's a lot of people. >> 75% didn't. >> i know, but 25%. >> that's the group the industry wants. they want the 75% that can get on the "t" and go to a nearby casino and get in trouble with gambling. that's the playbook. >> the long-running massachusetts casino debate came to a close on november 22, 2011, when governor deval patrick signed into law a bill allowing casino gambling in the bay state. the new law allows for construction of three casinos in separate regions of massachusetts. echoing many other governors around the country, governor patrick says that the new casinos will put people to work and strengthen the massachusetts economy. well, that's our edition of 60 minutes on cnbc. i'm steve kroft. thanks for joining us. er: this
sandi hall says her problems didn't start till three casinos opened near her. >> i cannot read my local newspaper without having full-page ads of upcoming events and slot play and free this and free that. the exposure is phenomenal because of the proximity of three casinos. >> fewer than 25% of massachusetts residents went out of state to gamble. >> but that's a lot of people. >> 75% didn't. >> i know, but 25%. >> that's the group the industry wants. they...
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Dec 3, 2012
12/12
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Jan 4, 2013
01/13
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you also may get some sandy hiring, hurricane sandy hiring on the other side of this. so those are some of the reasons for optimism on the other side the nfid numbers, the small business numbers have not been good. they weren't good inside adp and they weren't good for the nfib report. so those are reasons for pessimism. right now i think the street is looking for 160, and maybe a little bit more given the adp numb number. >> how about you, steve, what are you looking for? >> i think 160, 170 seems about right. we did 146 last time around. i don't expect the government to be losing too many jobs this time around. i'm looking for that to kind of add, we've had a huge decline in state and local employment. i'm hoping that that's sort of come to an end here. what i'm a little bit confused about is manufacturing. because the ism manufacturing numbers look like they were pretty good. but inside adp, they were negative. so i'm confused. the other thing i'm confused about is you had this kind of lackluster capital spending. capital spending and jobs usually go together pretty
you also may get some sandy hiring, hurricane sandy hiring on the other side of this. so those are some of the reasons for optimism on the other side the nfid numbers, the small business numbers have not been good. they weren't good inside adp and they weren't good for the nfib report. so those are reasons for pessimism. right now i think the street is looking for 160, and maybe a little bit more given the adp numb number. >> how about you, steve, what are you looking for? >> i...